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12. did president hoover agree or disagree with president coolidge? 13.…

Question

  1. did president hoover agree or disagree with president coolidge?
  2. what were two signs of trouble in the economy not related to the stock market?
  3. did the economy appear good or bad in the summer of 1929?

Explanation:

Brief Explanations
  1. For question 12: Hoover agreed with Coolidge's pro-business, laissez-faire economic approach, as both favored limited government intervention in the economy.
  2. For question 13: Two non-stock market signs of economic trouble were struggling agricultural sectors (farmers faced falling crop prices and high debt) and uneven wealth distribution (most wealth was concentrated in a small percentage of the population, limiting consumer spending for most Americans).
  3. For question 14: On the surface, the economy appeared good in summer 1929—urban areas had rising consumer spending, industrial production was high, and stock prices were still climbing, masking underlying weaknesses.

Answer:

  1. President Hoover agreed with President Coolidge.
  2. 1. Struggling agricultural sector (plummeting crop prices, farmer debt)
  3. Severe uneven wealth distribution (most wealth held by a small elite)
  4. The economy appeared good in the summer of 1929.